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Billionaire hedge fund manager Stanley Druckenmiller, the founder of Duquesne Capital, ripped into President Obama over the debt ceiling talks and the government shutdown during an interview with the Wall Street Journal's James Freeman.

Not that Mr. Druckenmiller endorsed the most recent Republican strategy. "I thought tying ObamaCare to the debt ceiling was nutty," he says, and I can confirm that he was saying so for weeks before the denouement.

But he adds that "I did not think it would be nutty to tie entitlements to the debt ceiling because there's a massive long-term problem. And this president, despite what he says, has shown time and time again that he needs a gun at his head to negotiate in good faith. All this talk about, 'I won't negotiate with a gun at my head.' OK, you've been president for five years."

His voice rising now, Mr. Druckenmiller pounds his fist on the conference table. "Show me, President Obama, when the period was when you initiated budget discussions without a gun at your head."